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FEDERAL GOVERNMENT CRACKS DOWN ON VISA OVERSTAYERS WITH $15 DAILY FINE AND RE-ENTRY BANS

The Federal Government has announced that travellers who overstay their visas in Nigeria will face a daily fine of $15 and risk being banned from re-entering the country for up to five years, effective August 2025. Minister of Interior, Olubunmi Tunji-Ojo, disclosed this during a stakeholders’ engagement session in Lagos. Although the new penalties will technically take effect in May 2025, a grace period will be observed until August to allow affected individuals ample time to comply. “This will allow visa holders time to adjust to the new policy before the full enforcement begins in August,” Mr Tunji-Ojo said. The Nigeria Visa Policy 2025 introduces a structured penalty system designed to curb visa abuse. Under the new rules, visa overstayers will incur a $15 fine for each extra day they remain in the country after their visa expires. Extended overstays will attract harsher consequences: “The penalty system is part of broader efforts to ensure compliance, protect national security, and promote responsible migration,” Mr Tunji-Ojo stated. The Nigeria Immigration Service will be responsible for enforcing the new policy and ensuring its effectiveness. The Minister emphasized that the new policy is part of a wider strategy to improve migration governance. With this development, the Federal Government aims to regulate visa usage and promote compliance with immigration laws.

BANGLADESH SEEKS TO STRENGTHEN ECONOMIC TIES WITH NIGERIA

The High Commissioner of Bangladesh to Nigeria, Masudur Rahman, has expressed his country’s desire to strengthen economic relations with Nigeria, emphasizing the potential for trade, investment, and educational cooperation between the two nations. Speaking while receiving a delegation from the Diplomatic Correspondents Association of Nigeria (DICAN) in Abuja, Rahman highlighted Bangladesh’s industrial strength and its capacity to supply high-quality goods, particularly in the textile and garment sectors. “We produce everything in industry—garments, textiles, apparels, fashion products, including knitwear and woven wear, as well as winter clothes,” Rahman stated. “We are world leaders in denim, including jeans and gabardine pants, which are in high demand globally.” Rahman encouraged Nigerian businesses to explore investment opportunities in the textile and footwear industries, noting that “trade is increasing, some governors and former politicians-turned-businessmen are visiting Bangladesh to engage in trade partnerships.” The High Commissioner also underscored the potential for educational partnerships, revealing that Bangladesh is considering offering scholarships to Nigerian students as part of its broader engagement with Africa. “We are thinking of offering scholarships to Nigerian students. We already provide scholarships to African students from countries like Gambia,” he said. Rahman emphasized the importance of people-to-people connections in fostering stronger diplomatic relations. “We value deployments because they enhance cultural exchange and lifestyle understanding,” he said. “We offer fully funded scholarships to African students, including a generous allowance.” The growing bilateral ties between Bangladesh and Nigeria were also highlighted, with Rahman revealing that two Nigerian diplomats are currently attending a one-year Foreign Service Course in Bangladesh, fully sponsored by the Bangladeshi government. Chairman of DICAN, Fredrick Idehai, solicited the High Commission’s cooperation and support for the upcoming DICAN International Security Conference, scheduled for June 19, 2025. In response, Rahman assured DICAN of Bangladesh’s willingness to collaborate on the event and strengthen overall diplomatic relations between both countries.

PRESIDENT TINUBU ASSURES AIRTEL CHAIRMAN OF PRO-BUSINESS ENVIRONMENT IN NIGERIA

President Bola Tinubu has assured the Chairman of Airtel, Sunil Bharti Mittal, that his administration is committed to creating a pro-business environment in Nigeria. The President made this known during a meeting with Mittal at the State House in Abuja, where he stated that the telecoms sector’s regulatory framework and operations would be reviewed to reflect global best practices, with a greater focus on protecting infrastructure. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, said in a statement that President Tinubu expressed his gratitude to Mittal for his openness, readiness, and confidence in Nigeria’s economic policies. “I am grateful for your openness, readiness, and confidence, which moved us very close to the Prime Minister of India. When he was here, we discussed things at length,” President Tinubu said. Onanuga also stated that the President assured Mittal that his administration is prepared to learn from other countries, including India, and implement policies that would promote economic growth. President Tinubu noted that tax reforms would be implemented to create a more favourable climate for investors. “We will find a way to work with tax administrators to ensure that whatever we have to do, we will encourage growth and opportunities. We are ready to do that,” he said. Mittal commended the President for his economic reforms, stating that they have transformed the economy for future growth. He also praised the removal of the petrol subsidy, describing it as a tough but necessary decision. Mittal expressed his support for Nigeria’s economic policies, stating that they would attract foreign investments to the country. He also announced plans by Airtel to invest $700 million in Nigeria over the next two years. Onanuga stated that the Minister of Communication, Innovation, and Digital Economy, Bosun Tijani, thanked the President for consistently supporting the telecoms sector’s growth. Tijani noted that the approval by the President for the protection of fibre optic and undersea cables as critical national assets would further stimulate growth in the industry. Onanuga also stated that Mittal advised that more Nigerians should be encouraged to invest in the country, particularly those with huge financial portfolios abroad. “I have been speaking to people in Nigeria, friends and business people, and they are all now feeling calm, and when they start to get back, they will move very fast. I have experienced this in India,” Mittal said.

MINISTER WALE EDUN HAILS LOCAL INNOVATION IN SUSTAINABLE TRANSPORT

The Federal Government has commended NEV Electric, an indigenous electric vehicle company, for its groundbreaking efforts in developing affordable and eco-friendly transportation solutions in Nigeria. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, lauded the company’s contributions to sustainable mass transit, emphasizing that its innovations align with President Bola Ahmed Tinubu’s Renewed Hope Agenda for a cleaner and more efficient transportation system. During a test ride of NEV Electric’s buses, Edun praised the company’s initiative, saying “NEV Electric’s initiative is a game-changer for Nigeria’s transport sector. It not only addresses environmental concerns but also creates jobs, enhances energy security, and boosts economic growth.” The Minister reaffirmed the Federal Government’s commitment to supporting local innovation and private-sector partnerships that drive the transition to clean energy solutions. This endorsement signals a major shift towards reducing carbon emissions, improving transportation efficiency, and fostering economic development. As Nigeria tackles urban mobility challenges, the government’s support for NEV Electric is expected to accelerate the country’s journey towards a sustainable and technologically advanced transport system.

TAIFA STARS COACH CONFIDENT AHEAD OF AFCON CLASH WITH SUPER EAGLES

Tanzania’s head coach, Hemed Suleiman Ali, has expressed his team’s readiness to face Nigeria’s Super Eagles and other Group C opponents at the 2025 Africa Cup of Nations. Despite being the lowest-ranked team in the group, Ali is optimistic about his team’s chances. “We are prepared for the challenge,” Ali told Cafonline. “We know it’s a tough group, but every team at this stage of the competition is tough. We’ll put up a strong fight to advance to the next round.” Tanzania will kick off their campaign against Nigeria on December 23 at the Complexe Sportif de Fès. Ali emphasized the importance of proper preparation and representing their country well in the tournament. “We know who we’re facing, and we know how to prepare for them,” Ali said. “We have to prepare well and make our people proud at this tournament.”

NIGERIA JOINS BRICS AS PARTNER COUNTRY, EXPANDING GLOBAL ECONOMIC COOPERATION

Nigeria has formally accepted an invitation to join the BRICS grouping as a partner country, the Ministry of Foreign Affairs announced on Saturday. The ministry’s Acting Spokesperson, Kimiebi Ebienfa, disclosed this in a statement issued in Abuja. According to the statement, “The Federal Government of Nigeria has accepted the invitation to join BRICS as a partner country.” This formal acceptance highlights Nigeria’s commitment to fostering international collaboration, leveraging economic opportunities, and advancing strategic partnerships that align with the nation’s development objectives. BRICS, an acronym for Brazil, Russia, India, China, and South Africa, is an intergovernmental organization that aims to increase economic and political cooperation among its member countries. The term “BRIC” was coined in 2001 by Goldman Sachs economist Jim O’Neill, and the BRICS group was officially created in 2006 by the leaders of the four original member countries, with South Africa joining in 2010. BRICS countries work together to promote economic and political cooperation, holding annual summits, working on projects in areas like trade and finance, and investing in each other’s economies. The BRICS New Development Bank (NDB) was created in 2015 to finance infrastructure and sustainable development projects. Nigeria’s partnership with BRICS is expected to enhance trade, investment, and socio-economic cooperation with member countries. The country aims to use this partnership to advance shared goals in areas such as trade and investment, energy security, infrastructure development, technology, and climate change. As a partner country, Nigeria will engage constructively with BRICS members to drive innovation and foster people-to-people exchanges, in alignment with national interests and strategic priorities. BRICS is seen as a counterweight to Western-dominated global institutions like the World Bank and the International Monetary Fund. The combined GDP of BRICS countries is now larger than that of the G7, making it a significant player in the global economy. The International Labour Organization (ILO) has also recognized BRICS as a forum for cooperation among leading emerging economies, with the organization providing technical inputs to BRICS on policies that promote decent work.

UAE PRESIDENT TO VISIT NIGERIA THIS YEAR

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan has accepted President Bola Ahmed Tinubu’s invitation to visit Nigeria this year. The invitation was extended during President Tinubu’s visit to Abu Dhabi, where he participated in the Abu Dhabi Sustainability Week 2025. In a statement, Special Adviser to the President (Information & Strategy), Bayo Onanuga, said President Tinubu arrived in Abu Dhabi on Sunday as a guest of the UAE President. Onanuga stated that President Tinubu delivered Nigeria’s position on climate and other challenges earlier on Wednesday and congratulated the UAE leader for the successful event. During the bilateral talks, Sheikh Mohamed bin Zayed Al Nahyan thanked President Tinubu for accepting his invitation and expressed the UAE’s determination to strengthen economic cooperation between Nigeria and his country. The two leaders also explored attracting investment into Nigeria. Onanuga noted that President Tinubu said his government’s economic reforms are yielding fruits and called on the UAE to partner with Nigeria to develop the economy. Bayo Onanuga stated that President Tinubu thanked Sheikh Mohamed bin Zayed Al Nahyan for the warm reception he and his aides received since their arrival over the weekend. Onanuga added that Minister of Foreign Affairs Yusuf Tuggar, Minister of Finance Wale Edun, and the National Security Adviser Nuhu Ribadu accompanied President Tinubu to the meeting. The meeting was also attended by top UAE officials, including Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation. Onanuga said the visit is expected to strengthen the relationship between Nigeria and the UAE.

PRESIDENT TINUBU CHARGES GOVERNORS TO DRIVE NIGERIA’S DEVELOPMENT AND PROSPERITY

President Bola Tinubu emphasized the crucial role of state governors in driving Nigeria’s development and prosperity during a New Year homage by Vice President Kashim Shettima and members of the Nigeria Governors Forum at his Ikoyi residence in Lagos. He stressed that their leadership at the subnational level is vital for achieving food security, economic prosperity, and rapid national growth. Special Adviser to the President (Information & Strategy), Bayo Onanuga, in a State House press release, informed that President Tinubu expressed gratitude to the governors for their support and collaboration, highlighting key areas that require joint effort for the nation’s progress. “You are the most important link to Nigeria’s prosperity and development. The Federal Government accounts for about 30 to 35 per cent of the allocated revenue; the rest comes to you. The agricultural value chain depends on you. You own the land, and the job is in your hands,” he said, as noted by Onanuga. The President called for stronger collaboration between the federal and state governments to address pressing challenges, including local government autonomy, agricultural productivity, and currency stability. As Onanuga reported, Tinubu assured the governors that he is committed to local government development and autonomy, stressing its importance for grassroots development. Tinubu urged governors to prioritize agricultural growth as a pathway to economic stability. “We have to work harder, grow more, and ensure the situation of our currency improves. Nigeria will see prosperity, but it requires consistent effort from all of us,” he said. The President also acknowledged the progress made by the governors across the states, saying, “There is no state we cannot visit and be proud of its development. We have better allocations now. Let me take the abuse; you take the privileges. Together, we will build a nation we are all proud of”. Abdulrahman Abdulrazak, chairman of the Nigeria Governors Forum and Governor of Kwara State, described President Tinubu’s declaration as Man of the Year by ThisDay newspaper as a significant endorsement of the administration’s policies. He noted that the acknowledgement reflects the tangible progress made under President Tinubu’s leadership. The President announced that he will be visiting Enugu State on January 4 as part of his planned visits to some states of the federation. He welcomed his declaration as Man of the Year and commended the newspaper for recognizing “what they considered a failure initially, but is now a success”.

PETER OBI CALLS FOR SELFLESS LEADERSHIP IN NIGERIA

Peter Obi, the Labour Party presidential candidate in Nigeria’s 2023 presidential election, has called on President Bola Tinubu to provide selfless and exemplary leadership to tackle the country’s worsening economic, security, and political challenges. In his New Year statement, Obi expressed concern over Nigeria’s decline, citing its ranking as one of the poverty capitals of the world, with over 100 million people living in extreme poverty. He also noted that the country has fallen from being the largest economy in Africa to ranking fourth, with a GDP less than 50% of what it was a decade ago. Obi suggested several actions to address these challenges, including reducing the cost of governance, combating corruption, and tying future borrowing to regenerative investments. He also urged President Tinubu to visit each of Nigeria’s 36 states, national hospitals, and tertiary institutions to better understand the country’s problems. “We are confronted with the fierce urgency of now,” Obi quoted Dr. Martin Luther King Jr., emphasizing the need for vigorous and positive actions to address Nigeria’s problems. He appealed to President Tinubu to dedicate at least 20% of 2025 to visiting each state, saying, “Such visits would give you the opportunity to better understand the dire economic and security situations across the country.” Obi also called on President Tinubu to ensure that future elections are credible and reflect the will of the people, saying, “Nigerians need to hear directly from you, not through your proxies. Quarterly updates on what you are doing to improve the situation in Nigeria is crucial.”

PRESIDENT TINUBU DELIVERS NEW YEAR MESSAGE, OUTLINES ECONOMIC 6 REFORMS FOR 2025

President Bola Ahmed Tinubu has delivered his New Year message to Nigerians, expressing optimism for a brighter future and outlining his administration’s economic prospects and reforms for 2025. “As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health,” President Tinubu said. According to the President, economic indicators point to a positive and encouraging outlook for the nation, with gradually decreasing fuel prices, foreign trade surpluses in three consecutive quarters, and a strengthened Naira against the US dollar. The stock market’s record growth has also generated trillions of naira in wealth, reflecting renewed confidence in the economy. However, President Tinubu acknowledged that the cost of food and essential drugs remains a significant concern for many Nigerian households. To address this, his administration is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. The President also announced plans to establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises. This initiative aims to strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. In addition, President Tinubu emphasized the importance of citizenship and national identity, announcing plans to unveil the National Values Charter, and launch a national orientation campaign to foster patriotism and love for the country. The President concluded his message by urging Nigerians to continue believing in themselves and their country and to work together to achieve a brighter future. “Together, let us stay the course of nation-building. The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams,” he said.

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